Europa Oil & Gas (holdings) Plc · LSE:EOG
Europa Oil & Gas (holdings) — Shareholder Meeting (December 2025)
23 slides from Europa Oil & Gas (holdings)'s shareholder meeting presentation, Dec 30, 2025
Slide 1: Europa Oil & Gas Annual General Meeting
Europa Oil & Gas Annual General Meeting 30 December 2025 www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION The informati
Slide 3: Overview
Overview Europa is building a portfolio of assets that offer shareholders exposure to material near-term growth catalysts whilst managing capex/G&A in considered fashion Assets throughout the E&P cycle with significant upside and multiple near term catalysts 1) Gas exploration near existing infrastr
Slide 4: Equatorial Guinea – Low Risk High Impact Exploration
Equatorial Guinea – Low Risk High Impact Exploration • EOG has a 42.9% interest in Antler Global Limited • EG-08 has 3x ILX prospects with 1,492 BCF (Pmean) and a total of 2,213 BCF (Pmean) of prospectively on the block • Barracuda well forecast to drill in H2 2026 to test 893 bcf with 80% COS • 2.3
Slide 5: Farm Out Agreement – Fuhai Group
Farm Out Agreement – Fuhai Group • Fuhai acquires 40% working interest in the EG08 PSC: • Antler 40% (operator), Fuhai 40%, GE Petrol 20% • Fuhai shall fund 95% of the total cost for drilling and testing the Barracuda prospect: US$53 million • Antler funds 5% • Any cost overruns shared 50:50 • Upon
Slide 6: The Fuhai Group
The Fuhai Group Fuhai Group 2024 Financials • The Fuhai Group is a large-scale energy and ✓ Revenue – US$12.7 Billion chemical conglomerate that integrates refineries, ✓ Net Profit – US$297 Million petrochemicals, clean energy and logistics • It has been rated in the top 500 enterprises in China for
Slide 7: 7 from 8 exploration wells have been commercial discoveries
7 from 8 exploration wells have been commercial discoveries 1 0-1 – 26 MMSCF/D & 1270 BCPD 2 0-3 – 30 MMSCF/D & 1540 BCPD 3 I-1 – 34 MMSCF/D & 1088 BCPD 4 I-4 – 36 MMSCF/D & 331 BCPD 5 I-4 – 29 MMSCF/D & 1634 BCPD 6 I-5 – 6250 BOPD & 5.4 MMSCFD Liquids pipeline Alen to Aseng 7 0-7 – 2650 BOPD & 4.7
Slide 8: O2 Well
O2 Well 1. Wireline pressure data indicate a short gas column in the upper 6m of the sand but the remainder of the sand is water bearing. Assuming gas properties to the 0-1 Belinda sand then a FWL at 2884.1 m TVDSS is noted 2. Samples of gas/gas condensate were recovered by wireline (RCI) at the top
Slide 9: Volumetrics & Risk to Commercialisation
Volumetrics & Risk to Commercialisation Gross to Europa Unrisked Net to Europa Unrisked Prospective Recoverable Prospective Recoverable Operator GCOS Total Pmean mid-case Resources (BCFE) Resources (BCFE) Prospects (BCFE) P90 Pmean P10 P90 Pmean P10 Prospective Resource Barracuda (Geological) Cardin
Slide 10: Barracuda Value Proposition
Barracuda Value Proposition • The Barracuda well could demonstrate Gas Down To (“GDT”) of 2808m, which would prove 679 BCFe of reserves (dark red) • If the pressure data from the well proves that it is connected to the O2 well it would demonstrate the ~P10 volume of 1.6 TCFe of reserves (dark and li
Slide 11: Gas Monetisation – Simple Development Concept
Gas Monetisation – Simple Development Concept • 4 production wells required to drain the Barracuda P50 resource • There are a number of development options, including: 1. Tie Back to Alen: • Subsea completion & 9km tie-back to Alen platform • Condensate is separated on the Alen platform and piped to
Slide 12: EG-08 Summary
EG-08 Summary • High quality, low risk and high reward gas ILX opportunity • Prospects are straightforward to drill (no salt or overpressure). Approximately 2,800m of sediment to drill and in shallow water (jack-up rig) • High quality 3D data – allows better quantification of AVO anomalies • Low dev
Slide 13: Ireland Overview
Ireland Overview • FEL 4/19 is operated by Europa Oil and Gas with 100% equity • Large Corrib lookalike structure: Inishkea West • A third of Ireland’s overall energy needs, and over half its electricity, comes from natural gas (Source: www.gov.ie) • Ireland highly reliant on imported gas • Corrib p
Slide 14: Geoseismic Line from Inishkea West to Corrib
Geoseismic Line from Inishkea West to Corrib Map Source: Europa Internal Interpretation.
Slide 15: Ireland Summary
Ireland Summary • Europa Oil & Gas has a 100% operated interest • PSC licence extension application has been submitted1 • Europa is seeking a carry for the drilling of the Inishkea West prospect plus back-costs • One main prospect considered low-risk within the same world-class Triassic gas play as
Slide 16: Cloughton – PEDL 343
Cloughton – PEDL 343 • Discovered in 1986 • Carboniferous sandstones with excellent salt seal Well Site • Simple 4-way anticline • Flowed up to 28,000 scf/d • Single well flow potential is 6 mmscf/d1 • GIIP Pmean 137 bcf1 • Pad location identified, existing industrial site • Permitting underway for
Slide 17: Cloughton 2 – Well Objective
Cloughton 2 – Well Objective • Cloughton-2 will be a directional well (1.6km step out) • Penetrate the Carboniferous target, formation evaluation Well Head through wireline logging and coring Downhole • Suspend well for future Location re-entry and production • Cloughton-1 well core is 100% net sand
Slide 18: Cloughton Development
Cloughton Development • Generate over £50m in taxes Cloughton-2 • Provide gas to heat 130,000 homes • 6 full time well paid local jobs plus over 10 local contractors • Displace LNG => so could reduce GHG emissions by 429 thousand tonnes over the 20-year life of the field (equivalent to removing 10,0
Slide 19: Onshore Production – Key Cash Generator
Onshore Production – Key Cash Generator Cloughton • Wressle has one of the highest production rates in the UK PEDL343 onshore • Gross revenue from Wressle in excess of US$57.5m since Crosby Warren August 2021 (net c.$17.25m to EOG)1 DL001 • Wressle gas solution and subsequent additional revenues: Wr
Slide 20: Wressle Development
Wressle Development • Drill two new production wells, drilled back to back • First well to target Penistone Flags • Gas exported to local gas network 600m from site • Existing site to be extended 50m • Install gas processing equipment • Planning approval meeting scheduled for January 2026 • Site upg
Slide 21: Wressle: Further Development
Crosby Wressle: Further Warren-1 PEDL 182 Broughton North Prospect 2 Development Crosby Warren East Penistone Flags – 0.3mmbbls 0 km 2 Ashover Grit – 0.3mmbbls Broughton North Wressle-1 Pad Europa 100% W-C Bottom Hole Broughton-1 Egdon 30% Location Europa 30% Union Jack 40% Wressle-1 Egdon 30% PEDL
Slide 22: New Ventures
New Ventures • Value driven • Target the best deals for EOG ▪ Opportunity cost in both staff time (G&A) and EOG financial resources • New opportunities measured against: ▪ Strategic fit to EOG portfolio ▪ Match to EOG core skillset ▪ Materiality – significantly move EOG valuation ▪ Risk – acceptable
Slide 23: Questions?
Questions? EG LNG Offloading Jetty www.europaoil.com | AIM: EOG | @Europa Oil & Gas plc | @Europaoilandgas
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